Investing Better Together

Transcription

1 Zurich Investments Investing Better Together Meet the team at Zurich Investments

2 Our process emphasises teamwork rather than individual flair. Anthony Conroy Head of Equity Allocations & Irish Equities 02

3 Group Wisdom Financial markets change fast. But it s this rapid change that provides opportunities to investment managers who take a hands-on active approach to making the right decision at the right time. At Zurich Investments, everyone has their area of expertise. It s this expertise, combined with the close collaboration of our fund managers in formulating investment decisions, that makes the difference for our customers. As a result, our dealing floor is a busy place; discussion is ongoing, with the team taking a forward looking, proactive approach. Zurich Investments Dealing Floor 1

4 Our Core Beliefs Today we manage approximately 22.1 billion in investment assets and have a reputation for delivering consistent outperformance.* These performance results are driven by what we call The 3 Ps. PHILOSOPHY We believe financial markets will always give opportunities to good active managers. Zurich Investments is an active fund manager that is we make investment decisions every day that we think will lead to a better outcome for our customers. Our goal is to add value through our expertise, and investments are selected to take advantage of opportunities throughout the economic cycle, utilising a disciplined and flexible approach. And of course we always review and challenge our thinking. We constantly assess and analyse changing market conditions to look for investment opportunities where we think we can add value. *Source: Zurich Life, March

5 PORTFOLIO CONSTRUCTION & RISK CONTROL PROCESS Our Top-Down analysis approach is the key driver for our investment decisions. The key to successful multi-asset investing is making timely asset allocation decisions and Zurich Investments have excelled in this area. Our Top-Down investment process is driven by continuous analysis of the economic and market cycles. We adopt an active approach to all levels of the investment process asset allocation, geographical bias, sector preference and stock selection. We aim to have an alignment between our wider market views and our regional, sector and individual stock positions. Our integrated team-based investment process ensures our investment strategy is implemented quickly and effectively. OUR TOP-DOWN ACTIVE INVESTMENT PROCESS CROSSCHECK WITH MARKET DEVELOPMENTS Economic & credit cycle, policy backdrop, market trends, structural forces Growth & earnings trajectories, relative valuations & performance trends Valuations, fundamentals, corporate governance & sustainibility, catalysts, technicals Economic/Asset cycle Asset Allocation Regional Selection Sector Selection Stocks Absolute and relative valuations, profit cycle, market themes, positioning Valuations, relative earnings momentum, thematics, technicals, positioning PEOPLE A longstanding, experienced team that can always be relied upon. The team at Zurich Investments is long established and highly experienced. Our close knit team of investment professionals shares market insights on a daily basis to help it make better decisions. Allocation decisions are made by the Asset Allocation Group, which meets on a weekly basis. However, as all members work together on the same investment dealing floor, discussion is ongoing, which allows for immediate analysis of, and reaction to, market changes. The team has a variety of backgrounds; produces different perspectives, and the team s collaborative approach achieves a better result for our customers. 3

6 Meet the Zurich Investments Team DAVID WARREN B.COMM., M.ECON.SC., ASIP Chief Investment Officer, Ireland David joined Zurich Life in 1993 and has been a senior member of the Investment Department in Ireland for over 23 years. He completed his B.Comm. degree in UCD in 1988 and obtained his Masters in Economic Science in He is an Associate of the UK Society of Investment Professionals and member of the CFA (Chartered Financial Analyst) Institute. David was appointed Associate Director in April 2003 and in December 2006 he was appointed Director, Global Fixed Interest and Specialist Products. In December 2009 he was appointed Chief Investment Officer, Ireland and is responsible for managing assets of over 20 billion for Zurich group companies in Ireland. 04

7 ANTHONY CONROY B.COMM., MBS PHILIP DUGGAN B.SC. (HONS) JOHN MCDERMOTT McDermott Head of Equity Allocation & Irish Equity Anthony obtained his B.Comm. degree from UCD in 1991 and completed a Masters in Business Studies in He joined Zurich in November 1996 from Ulster Bank Investment Managers. Anthony is responsible for European equity markets country allocation and stock selection and is a member of the Asset Allocation Group. Anthony is an accredited member of the UK Society of Investment Professionals. Head of Multi-Asset Fund Bonds & Alternatives Philip graduated from UCC with a Bachelor of Science (First Class Honours) degree in Philip joined the Zurich Investment Department in December He previously worked in Bank of Ireland Global Markets in Ireland and the UK and more recently in Bank of Ireland Asset Management. He is currently Head of Multi-Asset Fund Bonds & Alternatives. Philip is a member of the Asset Allocation Group. Head of ALM Bonds and Derivatives John joined Zurich in 1988 and studied for the examinations of the Institute of Actuaries while working in Corporate Actuarial. In March 1994 John transferred to the Investment Team where he is Head of ALM Bonds and Derivatives. John is a member of the Asset Allocation Group. JAMES MCSWEENEY B.A., M.SC., MBA, MSTA, CFTE PAT CUNNINGHAM B.COMM, MBS, FCA, CFA MICHAEL KELLY BBS (HONS), CFA Head of North American Equities James joined Zurich in 2015 as lead Senior U.S. Fund Manager and is a member of the Asset Allocation Group. He is also a member of the Market Technicians Association and he is an Associate of the CFA Society (UK). He joined from Marketplace One LLC, a U.S. based Family Office where he worked as a Senior U.S. Fund Manager trading proprietary capital on a long / short basis. He previously worked as Director and Head of Equity Fund Management at absolute return investment manager South Mall Capital Limited, and also with Setanta Asset Management. Head of Pacific Equities A graduate of UCD, Pat qualified as a Chartered Accountant in He is also a member of the CFA Society of Ireland. Pat joined Zurich Investments in 2010 and as Senior Fund Manager, Asian (ex-japan) equities, Pat oversees all of the equity investments in that region for both managed and specialist funds. Pat is a member of the Asset Allocation Group. Senior Manager, UK Equities Michael graduated from DCU with a degree in Business Studies and he joined Zurich in He transferred to the Investment Team in July Michael worked in Fixed Income until 2008, then transferred to Asian equities and now has responsibility for UK equities. Michael has a Certificate in Investment Management and completed the CFA Programme in

8 ÁINE STAFFORD B.COMM, CFA ABDUL MARRAR, BSC ECONOMICS & FINANCE, MSC IN FINANCE JAMES HOUGH B.SC. FINANCIAL MATHS & ACTUARIAL SCIENCE Assistant Fund Manager, US Equities Áine joined Zurich Life in 2013 from SSgA Ireland. She completed her B.Comm. degree in UCC in Áine joined Bank of Ireland Asset Management (BIAM) in June 2007, where she gained exposure to many facets of the Investment Management industry. Áine is a CFA Charter holder, having earned the designation in 2012, before joining Zurich as an equity analyst for US equities. Áine is a member of the CFA Institute and the CFA Society of Ireland. Equity Analyst Abdul joined Zurich in September 2016 working as an equity analyst covering Asian (ex-japan) equities. He graduated from UCD with a B.Sc. in Economics and Finance in 2012 before going on to complete a MSc in Finance from DCU in Prior to joining Zurich he held roles at Bank of Ireland and Ulster Bank Markets. Abdul is a CFA Level III Candidate. Actuarial Trainee James joined the Actuarial Corporate team of Zurich Life in 2014 where he is studying for the Institute of Actuaries examinations. He graduated from UCC with a BSc in Financial Maths and Actuarial Science (Mathematical Science) in In February 2016 James transferred to the Investment Department where he is currently working as a Performance and Derivative Analyst on the Fixed Income and Treasury team. FEDERICO LAZZONI B.SC, M.SC. PATRICK MANGAN B.SC. MATHS & ECONOMICS Equity Analyst, European Equities Federico joined Zurich Life at the end of 2017 working as an Equity Analyst covering European equities. He holds a B.Sc., in Economics from the University of Genova, a M.Sc., in Global Management from Antwerp Management School and a M.Sc., in Finance from UCD Smurfit Business School. Prior to joining Zurich Life, Federico worked as an Investment Analyst at Zurich Insurance plc, the European General Insurance carrier of the Zurich Group. Federico is a CFA level III Candidate. Performance & Derivatives Analyst Patrick joined Zurich Life in July 2014 as a member of the Data Analytics team, after graduating from Trinity College Dublin with a BSc in Mathematics & Economics in On joining Zurich he began studying for the examinations of the Institute of Actuaries which he continues in his current role as Performance & Derivatives Analyst having transferred to the Investment Department in October

9 The success of Zurich Investments We actively navigate the markets. In good times and in bad, we have a history of making the right investment decisions when it matters. Over the years we have dealt with economic booms and financial busts; making active decisions that yield long term value for our customers. David Warren Chief Investment Officer Active investment decisions have delivered results Source: Zurich and MoneyMate, November Performance figures quoted are for 01/11/ /11/2017. Annual management fees apply; the fund growth shown above is gross of any annual management charge. Returns are based on offer to offer performance and do not represent the return achieved by individual policies linked to the fund. Warning: Past performance is not a reliable guide to future performance. Warning: The value of your investment may go down as well as up. Warning: Benefits may be affected by changes in currency exchange rates. Warning: If you invest in this fund you may lose some or all of the money you invest. 7

10 The support of the Zurich Group Zurich Life Assurance plc (Zurich) is one of Ireland s most successful life insurance companies and we have been meeting our customers needs in Ireland for over 30 years. In 2017, Zurich won awards for Overall Financial Broker Excellence, Investment Excellence, Excellence in Financial Products and Excellence in Broker Support at the Brokers Ireland Service Excellence Awards. Based at our head office in Blackrock, Co. Dublin, Zurich Investments is part of a wider team of over 550 professionals serving the Irish pension, investment and protection markets. Working closely with our colleagues in Investment Back Office, Actuarial, Sales and Marketing, we provide and receive support on a daily basis. As a customer of Zurich in Ireland, you can have the peace of mind knowing that we are part of the Zurich Insurance Group which has an internationally recognised financial strength rating of AA-.* Zurich Insurance Group is a leading multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich Insurance Group s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in *Financial strength rating is for the Zurich Insurance Group, Source: Standard & Poor s, January

11 For Financial Advisor use only. Launch Date 1 July 2005 Fund Size 186 million Number of Stocks Source: Zurich Life, 31 March Warning: Benefits may be affected Source: MoneyMate & M&G Investments, April 2014, Currency is Euro, Returns are based on offer/offer performance and do not represent the return achieved by the individual policies linked to the fund. Gross Income Re-invested on Ex-dividend date. Performance shown is GROSS of annual management charges. Where no gross prices have been provided, MoneyMate has calculated the gross performance using the latest annual management charge supplied by the fund provider. In these cases, the performance will be indicative. *18/07/08 - earliest date for comparison of all five funds. 200, , ,000 68,278 50, ,000 High Yield Equity Funds Performance 93, ,000 65, ,000 57,600 55, , ,000 0 Zurich Life Dividend M&G Global Canada Life (Ind) Aviva L&P High Davy (Ind) High Growth Fund Dividend Fund CL/Set Equity Yield Fund Yield Fund 2 Dividend Initial Investment of 100,000 Growth on Initial Investment Gross Performance to 31/03/14 1 Year 3 Year 5 Year 18/07/08* - 31/03/14 Zurich Life Dividend Growth Fund 10.3% 46.1% 137.2% 73.8% M&G Global Dividend Fund 8.8% 48.0% 188.3% 104.2% Canada Life (Ind) CL/Set Equity Dividend 11.4% 32.0% 115.7% 61.6% Aviva L&P High Yield Fund 6.5% 35.3% 128.2% 61.4% Davy (Ind) High Yield Fund 2 9.8% 37.9% 112.4% 61.5% Keep track of investments Online Webinars, Pre-Sales Reports, Portfolio Builders, Podcasts and much more. All designed to help you stay up to date and to keep your clients informed. Reports Showcasing the latest investment thinking, fund updates and performance information from Zurich Investments. Analysis Providing information on individual funds, market performance, and investment sales ideas. Zurich Life Dividend Growth Fund Warning: Past performance is not a reliable guide to future performance. Warning: The value of your investment may go down as well as up. by changes in currency exchange rates. Warning: If you invest in this product you may lose some or all of the money you invest. Live With the Zurich Investment front office based here in Ireland, and with a dedicated Investment Sales Team, we are able to provide support for client presentations, investment seminars, and in-house investment workshops directly with our fund managers. 9

12 Zurich Life Assurance plc Zurich House, Frascati Road, Blackrock, Co. Dublin, Ireland. Telephone: Fax: Website: Zurich Life Assurance plc is regulated by the Central Bank of Ireland. Intended for distribution within the Republic of Ireland. GR: 2630 Print Ref: ZL IB